@mrgnlabs/marginfi-client-v2

marginfi-client-v2: A TypeScript SDK

Getting Started

Step 1: Initialize the marginfi client

This example uses @solana/web3.js version 1.91.8

In order to interact with the marginfi SDK, we must first configure the marginfi client object using the MarginfiClient instance:

import { Connection } from "@solana/web3.js";
import { MarginfiClient, getConfig } from '@mrgnlabs/marginfi-client-v2';
import { NodeWallet } from "@mrgnlabs/mrgn-common";

const connection = new Connection(CLUSTER_CONNECTION, "confirmed");
const wallet = NodeWallet.local();
const config = getConfig("dev");
const client = await MarginfiClient.fetch(config, wallet, connection);

• connection establishes a connection to a Solana cluster
• wallet creates an Anchor-compliant Node.js wallet from your local Solana keypair
• config returns a configuration object specific to the specified environment (e.g. “production”, “development”)
• client is a high-level SDK for interacting with the Marginfi protocol

Step 2: Create an Account

Accounts on marginfi are the entry point for interacting with the protocol, allowing users to deposit assets, take out loans, and manage their positions. Using the marginfi SDK, you can create an account with one line of code. With this ability, you can enable seamless user onboarding by creating dedicated accounts for each new user.

const marginfiAccount = await client.createMarginfiAccount();

Step 3: Fetch a Bank

In order to interact with asset pools, or “banks,” on marginfi, you must first fetch the specific bank you want to borrow/lend from:

const bankLabel = "SOL";
const bank = client.getBankByTokenSymbol(bankLabel);
if (!bank) throw Error(`${bankLabel} bank not found`);

• bankLabel holds the symbol for the bank that you will fetch. Note that you can also query banks by the token mint address (using getBankByMint) or by the bank address (using getBankByPk).
• bank1 fetches the specified bank using getBankByTokenSymbol, using the bank’s token symbol “SOL” as the query parameter.

Step 4: Make a Deposit

Once you’ve fetched the bank you want to interact with, you can make a deposit:

await marginfiAccount.deposit(1, bank.address);

The deposit method on the marginfi account object allows you to make a deposit into the specified bank account using the bank's address as a parameter (second parameter). Note that the first parameter let’s you specify how much (in the denominated asset) you want to deposit into the bank.

Step 5: Borrow From a Bank

After lending liquidity on marginfi, your account is eligible to act as a Borrower. You can borrow liquidity from marginfi banks using one line of code:

await marginfiAccount.borrow(1, bank.address);

The structure of the borrow method is identical to the deposit method. You specify the amount you want to borrow using the first parameter, and you specify which bank you want to interact with using the second parameter.

if you followed along with these steps, you just went through the full lending-and-borrowing lifecycle on marginfi. To execute your node, simply run ts-node <file-path> in your terminal. Your code should look like this:

import { Connection } from "@solana/web3.js";
import { MarginfiClient, getConfig } from '@mrgnlabs/marginfi-client-v2';
import { NodeWallet } from "@mrgnlabs/mrgn-common";

const CLUSTER_CONNECTION = <your-rpc-url>;

const main = async () => {
	const connection = new Connection(CLUSTER_CONNECTION, "confirmed");
	const wallet = NodeWallet.local();
	const config = getConfig("dev");
	const client = await MarginfiClient.fetch(config, wallet, connection); // initialize client
	
	const marginfiAccount = await client.createMarginfiAccount(); // create an account
	
	const bankLabel = "SOL";
	const bank = client.getBankByTokenSymbol(bankLabel);
	if (!bank) throw Error(`${bankLabel} bank not found`); // fetch a bank
	
	await marginfiAccount.deposit(1, bank.address); // make a deposit
	await marginfiAccount.borrow(1, bank.address); // borrow from a bank
};

main();

You’re now a mrgn mama! For more details on the marginfi SDK and use cases, refer to the sections below.

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To learn more, reference the TypeScript SDK documentation in the marginfi docs website! For dedicated support in integrating the SDK into your app, reach out to marginfi's Lead Developer Relations Engineer on Telegram @nathanzebedee. Happy hacking!